What is the issuance amount of Request (REQ) coins?

The REQ token is used for various purposes on the Request Network, such as paying transaction fees, funding dispute resolution services, earning rewards through staking, and facilitating governance (in future versions).

Dec 26, 2024 at 03:01 am

Key Points:

Request (REQ) is an Ethereum-based ERC-20 utility token that powers the Request Network, a decentralized payment and invoicing platform.
The REQ token is used to pay for transaction fees, dispute resolution services, and other services on the Request Network.
The issuance amount of REQ coins is 1,000,000,000.

Issuance Amount of Request (REQ) Coins:

The issuance amount of Request (REQ) coins is 1,000,000,000. Of this total supply, 15% was allocated to the development team, 15% to early contributors, and 70% to a token sale held in 2017.

Token Distribution:

Development Team: 150 million REQ (15%)
Early Contributors: 150 million REQ (15%)
Token Sale: 700 million REQ (70%)

Token Sale:

The Request Network token sale was held from October 18 to October 31, 2017. The sale raised approximately $48 million in ETH and BTC. The tokens were sold at a price of 0.0025 ETH or 0.00025 BTC per REQ.

Token Use Cases:

The REQ token is used for a variety of purposes on the Request Network, including:

Paying transaction fees
Paying for dispute resolution services
Staking to earn rewards
Governance (in future versions of the Request Network)

FAQs:

What is the current price of REQ?
- The current price of REQ can be found on cryptocurrency exchanges such as Binance, Coinbase, and Kraken.
What is the market capitalization of REQ?
- The market capitalization of REQ is approximately $100 million.
What is the future of REQ?
- The future of REQ depends on the adoption and growth of the Request Network. If the Request Network becomes a widely used platform for payments and invoicing, the value of REQ is likely to increase.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

BERA

$9.1450

814.50%

Trade Now
CAIR

$0.6290

76.55%

Trade Now
XYO

$0.0210

19.50%

Trade Now
TORN

$12.9122

18.27%

Trade Now
SWEAT

$0.0095

11.68%

Trade Now
SEND

$1.3200

11.65%

Trade Now

Latest Crypto News

Unveiling JetBolt and the Crypto Landscape: Insights You Can’t Miss!
2025-02-07 01:36:02
4 Tokens to Consider Over Bitcoin to Turn $877 Into $10,877- Dogecoin (DOGE), Toncoin (TON), Avalanche (AVAX), Lightchain AI
2025-02-07 01:36:02
Best New Crypto Coins to Buy This Season
2025-02-07 01:36:02
Bitcoin Price Hovers Near $100,000, Testing Key Support Levels as the Spot Bitcoin ETF Gathers Institutional Momentum
2025-02-07 01:36:02
DTX Exchange Presale Surpasses $13.5M Fueling 10,000% Gain Predictions
2025-02-07 01:36:02
Dogecoin (DOGE) Whales Remain Bullish, Expecting a Strong Recovery Despite a 21.6% Decline Over the Past Seven Days
2025-02-07 01:36:02

Related knowledge

When was Litecoin issued?

Feb 04,2025 at 02:36am

When was Litecoin Issued?Key Points:Litecoin's inception and developmentLitecoin's launch date and market dynamicsLitecoin's technical specifications and key featuresLitecoin's Inception and DevelopmentLitecoin, conceived by former Google engineer Charlie Lee, emerged as a fork of Bitcoin in October 2011. Inspired by Bitcoin's revolutionary blockchain t...

Which is better, Litecoin or Tron?

Feb 04,2025 at 10:30pm

Key Points:Similarities between Litecoin and Tron: Decentralized, open-source blockchain platformsDifferences between Litecoin and Tron: Use cases, consensus mechanisms, transaction speedsFactors to consider when choosing between Litecoin and Tron: Investment goals, risk tolerance, specific use casesPotential benefits and drawbacks of Litecoin and Tron:...

How to buy and trade Litecoin?

Feb 04,2025 at 12:24pm

Key Points:Understand the Basics of LitecoinSelect a Suitable Cryptocurrency ExchangeCreate an Account on the ExchangeFund Your AccountPlace a Buy Order for LitecoinSecurely Store Your LitecoinUnderstand Litecoin TradingHow to Buy Litecoin?1. Understand the Basics of LitecoinLitecoin (LTC) is a decentralized digital currency similar to Bitcoin.Created i...

Which has better potential, Litecoin or Ethereum?

Feb 04,2025 at 05:30pm

Key Points:Litecoin and Ethereum are two of the most popular cryptocurrencies in the world.Both coins have their own unique advantages and disadvantages.Litecoin is a faster and cheaper transaction coin than Ethereum.Ethereum is a more versatile platform than Litecoin, and it can be used to create decentralized applications (dApps).Litecoin has a long h...

What country is the founder of Litecoin from?

Feb 04,2025 at 05:55am

Key Points:Litecoin's Founder and the Relationship with Charles LeeLitecoin's Technical Features and Similarities to BitcoinLitecoin's Role in the Cryptocurrency Ecosystem and Its PopularityComparative Analysis of Litecoin with Major CryptocurrenciesLitecoin's Community Involvement and PartnershipsArticle Content:Litecoin's Founder and the Relationship ...

Which is better, Litecoin or Ripple?

Feb 04,2025 at 08:00pm

Key Points:Litecoin: a decentralized, peer-to-peer cryptocurrency based on the Proof-of-Work consensus mechanismRipple: a centralized, enterprise blockchain solution designed for fast and low-cost paymentsDirect comparison of Litecoin vs. Ripple in terms of technology, market capitalization, use cases, and transaction feesPotential benefits and drawback...